N-able, Inc. (NYSE:NABL) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts rate N-able “Hold” on average: Two analysts recommend selling, four recommend holding, and two recommend buying. The average 12-month price target is $5.08, though several firms recently lowered their targets.
• Institutional ownership is high at 96.35%: Bank of America, Quantinno Capital Management, and Renaissance Technologies increased their positions, while Lexington Partners and Teton Advisors initiated new stakes.
• N-able reported steady quarterly results: Revenue rose 5.3% year over year to $138.22 million, and adjusted earnings of $0.10 per share matched analysts’ expectations. Shares opened at $3.40, near the lower end of their 52-week range.

N-able, Inc. (NYSE:NABL - Get Free Report) has been given a consensus rating of "Hold" by the eight analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.08.

NABL has been the topic of several recent research reports. BMO Capital Markets lowered their price target on shares of N-able from $6.00 to $3.75 and set a "market perform" rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings restated a "sell (d)" rating on shares of N-able in a research note on Friday, July 17th. Zacks Research upgraded N-able from a "strong sell" rating to a "hold" rating in a report on Friday, August 14th. Wall Street Zen downgraded N-able from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Needham & Company LLC dropped their target price on N-able from $6.50 to $4.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Lexington Partners L.P. bought a new stake in shares of N-able during the 2nd quarter worth approximately $4,550,312,000. Bank of America Corp DE grew its stake in shares of N-able by 17.3% in the first quarter. Bank of America Corp DE now owns 713,869 shares of the company's stock valued at $3,334,000 after buying an additional 105,518 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of N-able by 522.0% in the first quarter. Quantinno Capital Management LP now owns 141,980 shares of the company's stock valued at $663,000 after buying an additional 119,155 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of N-able by 68.4% in the first quarter. Renaissance Technologies LLC now owns 880,500 shares of the company's stock valued at $4,112,000 after buying an additional 357,500 shares in the last quarter. Finally, Teton Advisors LLC acquired a new position in N-able during the first quarter worth $117,000. Institutional investors and hedge funds own 96.35% of the company's stock.

N-able Price Performance

Shares of NABL opened at $3.40 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.48. N-able has a twelve month low of $2.92 and a twelve month high of $8.73. The stock has a market capitalization of $641.35 million, a P/E ratio of -169.75 and a beta of 0.50. The company has a 50 day moving average of $3.96 and a 200-day moving average of $4.43.

N-able (NYSE:NABL - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. N-able had a negative net margin of 0.88% and a positive return on equity of 3.54%. The business had revenue of $138.22 million for the quarter, compared to analyst estimates of $138.08 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that N-able will post 0.22 EPS for the current fiscal year.

About N-able

N-able NYSE: NABL is a cloud-based software provider specializing in solutions for managed service providers (MSPs). The company’s platform offers remote monitoring and management (RMM), backup and disaster recovery, endpoint detection and response (EDR), security information and event management (SIEM), and automation tools. By integrating these services into a unified interface, N-able enables MSPs to streamline IT operations, enhance security posture, and deliver proactive maintenance across on-premises, cloud, and hybrid environments.

Headquartered in Toronto, Canada, N-able traces its origins to the managed services division of SolarWinds before completing a spin-off and initial public offering in mid-2021.

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